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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%Nov 26 3:59 PM EST
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To: Peter J Hudson who wrote (29488)5/8/1999 12:40:00 PM
From: marginmike  Read Replies (1) of 152472
 
I respectfully disagree about the millitary being a drain on future growth. In collage back in the 80's it was the conventional wisdom that creating something that doesnt produce anything else would be a negative on future GDP growth. IE A tank that is built doesnt create any new product or increase productivity. This unlike a wood beam that builds a house, which then must be furnished, and maintained. Which is insured and then sold. However I would argue that the MICPLX in the 80's created many of our high tech industries. The obsene amount of Government spending went into researching new weapon technologies. In actuality this money was seed money to train and develop engineers and new technologies. The computer industry was developed out of a need to build supercomputers to track missiles and manage huge Millitary resources. Missile technology along with defence satalites were the breading ground of our satilite industries. The internet was created to connect University researchers involved in military and health related areas, to better work together. CDMA technology was created as one mode of secure comunication. Global positioning, and terraine maping were created to make missiles(cruise)misiles more acurate. Heck it was the huge US buildup in the early 80's that created most of the areas of growth we have today. Its pretty ironic actually. Isreal is another good example where millitary spending translated in to high tech industry.JMHO
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